\begin{table}[htbp]\centering\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}\caption{\textbf{Marginal investors for US and UK Government Debt} \label{tab:UST\_Table}} \begin{adjustbox}{center=0.8\textwidth} \begin{tabular}{lcccc|ccccc}\toprule \\ \multicolumn{10}{c}{\textbf{Panel A: US Treasuries}} \\ & \multicolumn{4}{c}{} & \multicolumn{5}{c}{Domestic Non-Banks} \\ \cline{6-10}
                &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}&\multicolumn{1}{c}{(4)}&\multicolumn{1}{c}{(5)}&\multicolumn{1}{c}{(6)}&\multicolumn{1}{c}{(7)}&\multicolumn{1}{c}{(8)}&\multicolumn{1}{c}{(9)}\\
                &\multicolumn{1}{c}{Foreign}&\multicolumn{1}{c}{DomCB}&\multicolumn{1}{c}{DomBank}&\multicolumn{1}{c}{DomNB}&\multicolumn{1}{c}{MMFs}&\multicolumn{1}{c}{HF/HH}&\multicolumn{1}{c}{I\&P}&\multicolumn{1}{c}{OthFin}&\multicolumn{1}{c}{NonFin}\\
\midrule
UST             &    0.247\sym{***}&    0.132\sym{***}&   0.0606\sym{***}&    0.560\sym{***}&    0.219\sym{***}&    0.162\sym{***}&    0.109\sym{***}&   0.0836\sym{***}&  -0.0135         \\
                & (0.0389)         & (0.0395)         & (0.0118)         & (0.0494)         & (0.0251)         & (0.0421)         & (0.0254)         & (0.0233)         & (0.0455)         \\
Share of        &                  &                  &                  &                  &                  &                  &                  &                  &                  \\
DomNB           &                  &                  &                  &                  &    0.391         &    0.289         &    0.195         &    0.149         &   -0.024         \\
Marginal        &                  &                  &                  &                  &                  &                  &                  &                  &                  \\
Obs             &      104         &      104         &      104         &      104         &      104         &      104         &      104         &      104         &      104         \\
\toprule \\
\multicolumn{10}{c}{\textbf{Panel B: UK Gilts}} \\ & \multicolumn{4}{c}{} & \multicolumn{5}{c}{Domestic Non-Banks} \\ \cline{6-10}
                &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}&\multicolumn{1}{c}{(4)}&\multicolumn{1}{c}{(5)}&\multicolumn{1}{c}{(6)}&\multicolumn{1}{c}{(7)}\\
                &\multicolumn{1}{c}{Foreign}&\multicolumn{1}{c}{DomCB}&\multicolumn{1}{c}{DomBank}&\multicolumn{1}{c}{DomNB}&\multicolumn{1}{c}{\shortstack{Funds\&Oth}}&\multicolumn{1}{c}{I\&P}&\multicolumn{1}{c}{NonFin}\\
\midrule
UKG             &    0.174\sym{***}&    0.256\sym{***}&    0.126\sym{***}&    0.443\sym{***}&    0.217\sym{***}&    0.220\sym{***}&  0.00596\sym{**} \\
                & (0.0293)         & (0.0473)         & (0.0251)         & (0.0470)         & (0.0434)         & (0.0413)         &(0.00284)         \\
Share of        &                  &                  &                  &                  &                  &                  &                  \\
DomNB           &                  &                  &                  &                  &    0.490         &    0.497         &    0.013         \\
Marginal        &                  &                  &                  &                  &                  &                  &                  \\
Obs             &      104         &      104         &      104         &      104         &      104         &      104         &      104         \\
 \bottomrule \end{tabular} \end{adjustbox} \end{table}
